thanks for the feedback, will you look for 1.89? i'm shorting it back w/ counter 3/7 pos. for asia o/n, could slip below 1.914, if so, i'll clear out my counter and add that to existing long position. realistically a base could take some days to build.. if not a majority of these moves are opex driven.
in FX i don't usually pay no attention to it either. but since NZD is a bit different this year with almost only DM with higher rates getting priced in, corporations and traders are likely to take that into account for next quarter, since the market has priced in 0.75% more hikes from RBNZ.
I believe price is going to hit 1.9065. That's where I will be looking to take profit (of course, actually a little bit higher to account for the spread). I can't tell you now, if it is going to go lower than that. So it may either stop and reverse or continue to those lows at 1.887. We'll see.
I've also revised my short entry levels to 1.9280 and 1.9330 accordingly.
cool, if it doesn't act well, i will have to cover and re-enter lower. but longer term i'm starting to build a position for it to move a lot higher :) Based on many factors the NZD is largerly overvalued, especially vs. illiquid crosses ;) (longer term though)